High Depreciation

[snerkler]

Saw this on flea bay, that's a bigger hit than I'd have expected after 9 months (taking into consideration he'll probably not get the asking price so will be a few hundred lower). That's selling private, god know's what a trade in price would be at a main stealer

http://cgi.ebay.co.uk/2010-BMW-R-12...1963929?pt=UK_Motorcycles&hash=item2561a48d19

 

[JohnnyBoxer]

That's not high depreciation, bike is priced a bit high................it's only the VAT loss, same on all new vehicles

I could have bought a 6 month old dealer demo with same spec, miles and luggage last year for a similar price.............that bike is worth about £10k tops - it's 4 months older

 

[Deleted account 190920001]

Would say its a bit high too but maybe about right for a dealers showroom

 

[Stretchamus]

Ya thinking of selling Snerks

A lot of people are going to be loosing their Jobs in public services , also in the Defence Industry.
Some of the above will be well paid individuals and the jobs not easily replaced with similar salaries.

That means expect to be able to purchase top drawer luxury motorcycles at an exceedingly good prices.

Best regards Stretch

 

[Rob Farmer]

There's not many people prepared to pay that sort of money for a bike, I know I wouldn't, so it's got to drop to the next level.

 

[oldnfat]

Its not the asking price....it's the starting price

A little rich me thinks.

 

[Stretchamus]

Ya thinking of selling Snerks

A lot of people are going to be loosing their Jobs in public services , also in the Defence Industry.
Some of the above will be well paid individuals and the jobs not easily replaced with similar salaries.

That means expect to be able to purchase top drawer luxury motorcycles at an exceedingly good prices.

Best regards Stretch

Like a H-D FXDF

Just looked at my insurance statement of fact, changed insurance company Sept. 29th told them it was worth £10500 not a bad guess then eh

Best regards Stretch
PS if the sh!t was to hit the fan, lost my job, then I'd be happy to take £10K on a £13600 bike, thats what its gonna be like soon out there
PPS FFS ya can't take it with ya

 

[snerkler]

Ya thinking of selling Snerks

No, not at all, just looking at bits and bobs on flea bay (but always good to know in case my business goes tits up and I need some cash quick).
Thought as it was approx a £14,500 bike new (same spec as mine minus alarm and mudsling and that's what I paid. Maybe I was bent over well and truly ), if someone knocked him down £500 it'd have lost £4k in 9 months. That's more than just VAT.
However, as someone has pointed out that's the starting price, I thought it was a classified ad. But by what a lot of you are saying the depreciation sounds about right Oh well, you only live once, my as well enjoy like while we're here

 

[Rasher]

That is why despite having bought 3 new bikes in the past, they have all been at good discounts.

I got nearly £2k off a TL1000S, £1k off a Laverda 750 (But it had £2k of factory extra's included) and a mere £1,000 of my ZZR1400 - but at the time it made it just about £1k more than year old models were going for.

I noticed early on with the BMW's nobody gives any discounts on new bikes, and when loaded with spec 2 year old models in dealers had lost about £5k, which means they probably paid about £6.5k less to the seller than they flogged it for 2 years earlier!

I think the extra's account for a fair bit of the depreciation, I only got a comfort pack +ABS on mine, but noticed fully loaded bikes with premium and dynamic packs were only £600 - £700 more despite costing about £1500 extra when new.

I think fully loaded GS's are real bargains at 1-2 years old, especially private, if I had seen a well spec'd and low mileage 2010 GS at even £3k under list when I was looking I would have found the extra cash.

 

[JohnnyBoxer]

Never buy new......................it's a fools paradise

 

[snerkler]

Never buy new......................it's a fools paradise

As I stated on the "is buying new really better than s/h" thread if I can afford it I'll tend to buy new as the feeling that no-one else has ridden the bike apart from me (and minimal by dealer during service etc) is worth the depretiation to me

 

[WindyChuffer]

Thats the same kind of money that a 2009 GSA with 20K miles is for sale at BMW dealers. So for a private sale, probably about right if not a little cheap.

The guy selling the bike clearly has no idea how auctions work as the starting price is far to high. Need to have a v low starting price to get bids and a realistic reserve; ideally no reserve.

Bids always get frantic at the end of the auction. But only if the starting price and reserve are realistic.

Well if you must sell a bike that is <1yr old....needs must I suppose.

 

[WindyChuffer]

Never buy new......................it's a fools paradise

Depends on your circumstances.

If you can buy it through your company you can reclaim the VAT as its a company vehicle not used for any private miles, depreciate it at around 20% pa, then after a few years "buy" it at book price which will be less than the retail value, giving you some "tax free" money should you sell it. Or of course you can lease it, where the fully cost is paid out of company money and 100% tax deductable against profits. Beats spending net salary.

Plus you get to buy all the touratwat bling, twat suits etc on yer books too, get the vat back etc. having spent tax free company money as opposed to net salary.

So if you can do this, never buy used.......its a fools paradise

 

[Sgt Bilco]

Buying new will result in a big hit if you have to sell quickly.

In the truck world, we work on a 35% / 25% / 25% drop in the first 3 years so there is no reason why bikes should be any different.

 

[JohnnyBoxer]

Depends on your circumstances.

If you can buy it through your company you can reclaim the VAT as its a company vehicle not used for any private miles, depreciate it at around 20% pa, then after a few years "buy" it at book price which will be less than the retail value, giving you some "tax free" money should you sell it. Or of course you can lease it, where the fully cost is paid out of company money and 100% tax deductable against profits. Beats spending net salary.

Plus you get to buy all the touratwat bling, twat suits etc on yer books too, get the vat back etc. having spent tax free company money as opposed to net salary.

So if you can do this, never buy used.......its a fools paradise

I was referring to normal punters buying private bikes....................yours is a whole new scenario and only open to the minority

 

[JohnnyBoxer]

As I stated on the "is buying new really better than s/h" thread if I can afford it I'll tend to buy new as the feeling that no-one else has ridden the bike apart from me (and minimal by dealer during service etc) is worth the depretiation to me

You cannot really serious, can you...............that is verging on OCD

After all it's only a piece of machinery

So you're willing to waste about £3k in depreciation, for the pleasure of buying new

 

[Ash]

You cannot really serious, can you...............that is verging on OCD

After all it's only a piece of machinery

So you're willing to waste about £3k in depreciation, for the pleasure of buying new

if they don't buy new,how can we buy secondhand

 

[JohnnyBoxer]

if they don't buy new,how can we buy secondhand

There's plenty of punters queing up for new ones................we'll never go short

That one the other week £14500 + all those extras up to £18400 and only 880 miles.....................sold for less than £13500

Someone worked out it was £6 a mile, in depreciation

Sold it for a bike that wasn't even launched yet and he'd never ridden

As the c4 show tonight says.....................one born every minute

 

[Stretchamus]

Don't know what all the fuss is about you're either a tight tw@t a poor tw@t or a rich tw@t.

Based on the above three scenarios you make the decision on whatever suits you best and its no fecker else's business so they can go and do what they want.

Best regards Stretch

 

[Rasher]

Buying new will result in a big hit if you have to sell quickly.

In the truck world, we work on a 35% / 25% / 25% drop in the first 3 years so there is no reason why bikes should be any different.

Sounds about right for cars, my car was £19k new, it was a demo, the chap I bought it off paid £12.5k when it was about 6 months old, I paid £6k when it was about 3.5 years old (Low mileage & VGC but needing £500 of tyres / service)

I think bikes do a bit better than cars,especially after a few years, they seem to really level off at about 3 years old.

I sold my '08 ZZR for £5300 (Advertised at £5600) but '07's were not much different in price and even the earliest '06 models were being advertised at @£5k plus, having lost £2.5k an average of £1k a year, yet over the next two years the bike would probably only lose another £500 - £700 or about £300 a year.

I also lost another £1k on extra's I pulled off and sold seperately - adding it all up that is under 40% in 30 months on the lot and just 35% on the bike itself, although add about 10% if compared to full list price - maybe I did OK But the guy I sold it to has certainly done a whole load better!